Medical Costs Projected to surge, Threatening Financial Strainโข byโ 2026
San Juan,โ Puerto Rico – Puerto Ricans face a looming economic challenge โas medical costs areโ projected to significantly increaseโ by 2026, โaccording to aโ new study by global professional services firm aon.โ The anticipated rise threatens to โplace significant financial strain onโข individuals and employers alike, prompting callsโค for preventative healthcare โฃmeasures.
The Aon study, โฃanalyzing โover 100 countriesโ and states โคwereโฃ the company brokers, administers, or advises on โemployer-sponsored health plans, forecasts a concerning trend. โขwhileโ globally the โขaverage medical trend rate saw a slight decrease from 10% to 9.8%โ – โขmarking a return toโข single-digit growth for the first time as 2023 -โ North โขAmerica and Asia are experiencing continued price increases. This global shift is attributed to decreasing medical inflation and cost control efforts, but โขdoesn’t negate the upward pressure โin key regions like Puerto Rico.
Sylvia โRuiz, director of Customer Service โin Health Solutions for Puerto Rico at Aon, emphasized theโค importance โขofโ preventativeโ care as โฃa key strategy โขto mitigate theโค impact โคofโ rising costs. “Prevention isโ the key,” Ruiz stated. “Wellness initiatives, how we take care of ourselves,โข how weโข do our preventatives to detect conditions that you may have before theyโ are โalready in a chronicโข or much more advanced stage” โฃwill beโ crucial.
The โreport highlights that increasedโ utilization of services,โฃ the adoption of new medical technologies, growing demand for private healthcare, and macroeconomicโฃ factors – including economic and geopolitical uncertainty โ- are driving the upward trend in rates. Ruiz warned that without a focus on prevention and proactive strategies, theโค population mayโ struggle to afford anticipated medical โexpenses.
Aon’s analysis โคindicates the slightโข global decline is due to a decreaseโ in globalโ medical inflationโ and effortsโ to control costs. However, the โคreport โnotes that in Europe, stabilization isโ occurring while North America and Asia continue to see โคprices climb. The study underscores theโ complexโ interplay of factors influencing โhealthcare costs worldwide.